Client Objectives

Engaged Cresa to explore renewing or extending lease at 28 State Street as well as relocating

Wanted to create a more collaborative and efficient space with a modern design and layout

Process and Results

Negotiated new lease terms which yielded $1MM in lowered rent for the remaining two years of current lease, a ten-year term extension, and an additional 7,260 SF of space

Renovated two floors of existing office space and built out a new third floor

Secured additional space in the building as swing space to allow business to operate during renovations

Achieved a tenant improvement allowance of $3,765,000 to renovate the 52,655 SF space

Retained for project management oversight of a three-phase interior renovation across three floors

We consider Cresa a trusted business advisor helping us make our plans a reality. They thoughtfully listened to our requirements and guided us through a range of solutions that will serve the needs of our clients and employees for years to come.